en-usSt. Louis Residential Real Estate RSS FeedSt. Louis Residential Real Estate newsSun, 02 Aug 2015 22:27:11 +0000Bizjournals RSShttp://www.bizjournals.com
American City Business Journals, Inc. and its licensors. All rights. reserved.http://www.bizjournals.com/stlouis/blog/2015/07/the-highest-selling-real-estate-team-in-st-louis.htmlThe highest-selling real estate team in St. LouisFri, 31 Jul 2015 17:42:26 +0000Katlyn Kellerhttp://www.bizjournals.com/stlouis/blog/2015/07/the-highest-selling-real-estate-team-in-st-louis.html?ana=RSS&s=article_search
<img src="http://media.bizj.us/view/img/6601502/boehmer-linda*100xx128-128-0-4.jpg">The Boehmer team, with Berkshire Hathaway HomeServices Select Real Estate, ranked first on this week’s list of the highest-selling real estate teams.
The team’s closed sales volume in 2014, which includes sales made by Linda Boehmer, Kelly Boehmer and Jacob Gould, reached a record $101.74 million, a 97.55 percent increase over 2013 closed sales volume, the highest increase of any team on the list.
The numbers increased, according to Linda Boehmer, because of the team’s diversity in the market…http://www.bizjournals.com/stlouis/print-edition/2015/07/31/the-producer-terry-schnuck-takes-center-stage.htmlThe Producer: Terry Schnuck takes center stageFri, 31 Jul 2015 10:00:00 +0000Angela Muellerhttp://www.bizjournals.com/stlouis/print-edition/2015/07/31/the-producer-terry-schnuck-takes-center-stage.html?ana=RSS&s=article_search
<img src="http://media.bizj.us/view/img/6581762/schnuckterry2112015*100xx941-941-93-745.jpg">Terry Schnuck had something to tell his siblings, but he just couldn’t get the words out.
It was 2002, and the Schnuck family, owners of the $2.6 billion grocery chain, Schnuck Markets Inc., was holding its regular monthly family meeting when Terry Schnuck informed his siblings that he had something to say — then struggled to find the words.
“You don’t have cancer do you?” one brother asked.
Schnuck did not have cancer. Instead, he had decided to draw the curtain on his 20-plus-year…http://www.bizjournals.com/stlouis/print-edition/2015/07/31/brinkmann-vs-assisted-living-opposition.htmlBrinkmann vs. assisted living oppositionFri, 31 Jul 2015 10:00:00 +0000Corey Noleshttp://www.bizjournals.com/stlouis/print-edition/2015/07/31/brinkmann-vs-assisted-living-opposition.html?ana=RSS&s=article_search
<img src="http://media.bizj.us/view/img/5751761/brinkmannbob0032015*100xx800-800-200-0.jpg">A group of Creve Coeur homeowners want to take their fight against a proposed assisted living center at 450 N. Lindbergh to the Missouri Supreme Court.
Last month, the Missouri Court of Appeals-Eastern District ruled against the group, 450 N. Lindbergh Legal Fund, in its effort to prevent Developer Bob Brinkmann from building a 75-bed, $18 million facility called The Grove Assisted Living at the site. The group, represented by Attorney Steven Koslovsky, said Creve Coeur officials violated their…http://www.bizjournals.com/stlouis/print-edition/2015/07/31/afl-cio-to-invest-46-million-in-two-apartment.htmlAFL-CIO to invest $46 million in two apartment plansFri, 31 Jul 2015 10:00:00 +0000Brian Feldthttp://www.bizjournals.com/stlouis/print-edition/2015/07/31/afl-cio-to-invest-46-million-in-two-apartment.html?ana=RSS&s=article_search
<img src="http://media.bizj.us/view/img/6579082/jeff-aboussie*100xx767-767-0-1.jpg">Two St. Louis-area construction projects are set to get a boost as the AFL-CIO Housing Investment Trust (HIT) plans to provide them with a combined $46 million in financing.
HIT will invest $42 million into the $54 million Heights at Manhasset Apartments in Richmond Heights, an apartment development visible from Interstate 64 just west of the Brentwood Boulevard intersection and north of Eager Road. That project, being built by Chicago-based Draper and Kramer, will create 281 new market-rate units…http://www.bizjournals.com/stlouis/news/2015/07/30/huttig-increases-profit-as-construction-activity.htmlHuttig increases profit as construction activity picks upThu, 30 Jul 2015 16:59:21 +0000Katlyn Kellerhttp://www.bizjournals.com/stlouis/news/2015/07/30/huttig-increases-profit-as-construction-activity.html?ana=RSS&s=article_search
<img src="http://media.bizj.us/view/img/5226361/vrabely-jon2013*100xx3417-3417-206-51.jpg">Huttig Building Products Inc. reported a nearly 60 percent increase in its profit, to $5.1 million, for the second quarter.
Sales were $175.1 million compared with $168.7 million in the prior-year quarter, which the company attributed to increased construction activity.
“We are pleased with the continued improvement in our financial performance that we achieved in the second quarter compared to our prior year.” Jon Vrabely, Huttig’s president and CEO, said in a statement. “The residential…http://www.bizjournals.com/stlouis/news/news-wire/2015/07/29/more-millennials-living-with-parents-now-than.htmlMore millennials living with parents now than during the recessionWed, 29 Jul 2015 16:59:26 +0000Kent Hooverhttp://www.bizjournals.com/stlouis/news/news-wire/2015/07/29/more-millennials-living-with-parents-now-than.html?ana=RSS&s=article_search
<img src="http://media.bizj.us/view/img/6512962/thinkstockphotos-466240780*100xx1413-1416-307-0.jpg">Despite an improved job market, more millennials are living with their parents today than at the depth of the recession.
That’s according to a new Pew Research Center analysis of U.S. Census Bureau, which found that the share of young adults living in their parents’ homes has increased from 24 percent in 2010 to 26 percent in the first quarter of 2015. During the same period, the unemployment rate for adults ages 18 to 34 dropped from 12.4 percent in 2010 to 7.7 percent this year.
Despite the…http://www.bizjournals.com/stlouis/morning_call/2015/07/pulaski-posts-higherq3-profit.htmlPulaski improves mortgage lending, reports higher quarterly profitWed, 29 Jul 2015 12:17:47 +0000Diana Barrhttp://www.bizjournals.com/stlouis/morning_call/2015/07/pulaski-posts-higherq3-profit.html?ana=RSS&s=article_search
<img src="http://media.bizj.us/view/img/2801021/douglassgary*100xx1000-1000-0-24.jpg">Pulaski Financial Corp., which operates Pulaski Bank, reported a fiscal third-quarter profit of $4.4 million, up from $2.8 million in the prior year's quarter as mortgage revenue climbed.
It's been a big player in home loans in St. Louis for decades.
For the fiscal third quarter ended June 30, the company reported mortgage revenue of $3.1 million, up from $1.2 million in the third quarter of fiscal 2014. That's the highest amount in more than five years.
What a difference 15 months can make. In…http://www.bizjournals.com/stlouis/news/news-wire/2015/07/28/millennials-prefer-walking-to-driving-so-housing.htmlMillennials prefer walking to driving, so housing market is changingTue, 28 Jul 2015 18:13:55 +0000Kent Hooverhttp://www.bizjournals.com/stlouis/news/news-wire/2015/07/28/millennials-prefer-walking-to-driving-so-housing.html?ana=RSS&s=article_search
<img src="http://media.bizj.us/view/img/1623571/millennials-group-young-people*100xx1056-1056-344-0.png">The days of suburban cul de sacs are numbered: Millennials prefer walking over driving by 12 percentage points, according to a new poll conducted for the National Association of Realtors.
That’s the largest margin in favor of walking for any generation. Millennials want to live within walking distance to shops and restaurants, and have a short commute to work. They also favor expanding public transportation and alternatives such as biking.
The housing market must change to meet these preferences.…http://www.bizjournals.com/stlouis/news/news-wire/2015/07/24/new-home-sales-fall-in-june-but-are-still-18-above.htmlNew home sales fall in June, but are still 18% above last year's paceFri, 24 Jul 2015 14:45:26 +0000Kent Hooverhttp://www.bizjournals.com/stlouis/news/news-wire/2015/07/24/new-home-sales-fall-in-june-but-are-still-18-above.html?ana=RSS&s=article_search
<img src="http://media.bizj.us/view/img/2526511/page10new-home*100xx2000-2000-500-0.jpg">New home sales dropped nearly 7 percent in June to a seasonally adjusted annual rate of 482,000, the lowest level in seven months.
The good news is that this sales level is still 18 percent above what it was a year ago.
Compared with May, sales fell in the West, Midwest and South, but jumped 28 percent in the Northeast, according to the U.S. Census Bureau report.
The median sales of new houses was $281,800, up slightly from May. but below the median sales price in June 2014.
New home sales represent…http://www.bizjournals.com/stlouis/print-edition/2015/07/24/nonprofit-developer-invests-75-million-in-pagedale.htmlNonprofit developer invests $75 million in North CountyFri, 24 Jul 2015 10:00:00 +0000Ben Unglesbeehttp://www.bizjournals.com/stlouis/print-edition/2015/07/24/nonprofit-developer-invests-75-million-in-pagedale.html?ana=RSS&s=article_search
<img src="http://media.bizj.us/view/img/6528252/krehmeyer-photo-2012*100xx1200-1200-0-0.jpg">About 15 years ago, Pagedale Mayor Mary Louise Carter was looking for a developer who could build houses for low-income residents in her city. “I had some money to build some affordable housing and I was having an awfully hard time getting someone to do this for me,” she said. Eventually Chris Krehmeyer of Beyond Housing approached her with an offer to build the homes. Since then, Krehmeyer’s organization has built more than 100 homes in Pagedale, as well as the municipality’s first grocery…